NIC 661901 classifies financial transaction processing and settlement activities, including digital (or internet-based) payment provision and settlement activities for credit card transactions (payment gateways) as a...
Compare nearby hierarchy entries before choosing a code for a registration or business workflow.
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NIC 661901 is the final six-digit endpoint for Financial transaction processing and settlement activities, including digital (or internet-based) payment provision and settlement activities for credit card transactions (payment gateways). It should be selected only when the enterprise's primary financial service activity matches this title more closely than 661902 Investment advisors/ consultant (including robo-advisory services and analysing financial markets as an advisory service), mortgage and loan advisors, financial advisors in relation to mergers and acquisition services, 661903 Activities of digital currency wallet providers, 661904 Validation and mining for crypto assets deemed financial assets.
Choose 661901 only when operations, invoices and revenue narrative align with Financial transaction processing and settlement activities, including digital (or internet-based) payment provision and settlement activities for credit card transactions (payment gateways). If the activity also includes 661902 Investment advisors/ consultant (including robo-advisory services and analysing financial markets as an advisory service), mortgage and loan advisors, financial advisors in relation to mergers and acquisition services, 661903 Activities of digital currency wallet providers, 661904 Validation and mining for crypto assets deemed financial assets, compare those pages before filing.
Use the code that matches the service actually provided. Financial intermediation, insurance, real estate, legal, accounting, consulting, engineering, advertising and R&D are separated into different professional service families.
Usually the firm's own service determines the NIC code, not the client's industry. For example, a consultant serving manufacturers is still a consulting or professional service business if advice is the revenue activity.
Check the parent hierarchy, compare 661902 Investment advisors/ consultant (including robo-advisory services and analysing financial markets as an advisory service), mortgage and loan advisors, financial advisors in relation to mergers and acquisition services, 661903 Activities of digital currency wallet providers, 661904 Validation and mining for crypto assets deemed financial assets, and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.
A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.
Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.
NIC 661901 should be selected only when the official title matches the main revenue-generating activity. If the business also trades, transports, processes, installs or supports the same product or service, compare nearby NIC pages before filing. This reduces the risk of choosing a code that describes the product being handled rather than the activity your enterprise actually performs.
Official NIC 2025 Excel and PDF from MoSPI.
2026-04-21 from the generated NIC 2025 source layer used in this build.
This is an independent reference tool. Verify filing-critical decisions in official sources.